re: customers Think they supply metals traders and smaller mills who rely on obtaining letters of credit to finance their shipments.
If it continues to be a problem I don't see why they can't sell on the spot market as the ore is high quality.
Looks way oversold to me, historical p/e of 5 for a company that just recieved an 80% price increase for its product, massive FX bonus and is ramping up volumes. Funnymentals mean little at present but sanity will return.
re: customers, page-2
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Last
36.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $444.6M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.0¢ | 36.5¢ | $244.0K | 664.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118094 | 36.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 50000 | 2 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |